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FOX Business
Jan 21, 2013 11:00am EST
into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to president clinton, how are those seats sold out? >> by protocol and tradition, all former presidents are invited, of course. both president bush, 41 and 43 the client to come. i believe president carter is not attending, but president lyndon is. then, of course -- neil: carter is there. peter: okay. neil: i only saw that because i saw his picture. peter: other seats are given out by the committee. then there are seats that are doled out by congressional offices. about 1500 folks get to sit up there on the big landing on the west front of the capitol. neil: all right. peter, thank you very much. this is all behind the president right now. this will be the one that the president will put on his hands as he is sworn in. it will be the fourth s
CNN
Jan 15, 2013 8:00am PST
three of these very serious. but which is the most serious. >> the debt ceiling could do damage to our countries for decades to come if we hit it and don't expect the problem. this is the most dangerous thing. this is almost a nuclear option. this is really playing with very dangerous things. and one little mistake could be devastating to our country. >> and yet you still come on day after day and smile with me. thank you. always good to see you. >>> by the way, i just want to remind you if you're doing the math, the treasury says it might come up short in its payments as soon as february 15th. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> from legend to liar. can i just show you right off the bat what the cover of the new york "post" says today? that's the bracelet you know, but look very closely. it doesn't say livestrong. it says lie strong. according to reports, lance armstrong now finally admitting to using performance enhancing drugs during his reign as the king of cyclin
CNBC
Jan 18, 2013 1:00pm EST
are positive for the week. >> you would think that stocks would be worried about the debt ceiling and yet we had word that gop controlled house might have a deal. might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the heavy side today. if you think that is good news pushing the debt ceiling out for stocks and i think generally would you look at it as good news, it certainly is fairly muted here. as for the major indices for the week, what simon was just talking about, there are deeper cyclical changes. big industrial names have been generally outperforming and that is very good news, if you think the global economy, those stocks would more closer would the global
MSNBC
Jan 22, 2013 7:00am PST
this is at least the republicans recognize increase the debt ceiling is something we need to do. but in fact, three months is not good enough. it really is unacceptable for my opinion and i think most of the democrats, because there are plenty of opportunities for us and we should really be looking long-term how we can reduce the deficit and deal with long-term sustainability for medicare and medicaid. those are issues that we have to look at and i believe we will and we have opportunities to do that around the budget, around the sequester, of course we will have to deal with in less than, well, six weeks. and we should. the debt ceiling, we need that certainty for the markets, for our economy. we know what happened when the republicans played around with not raising the debt ceiling in august of 2011. the economy was deeply hurt. we're in a recovery and we certainly should not let the republicans let us slip back with failing to provide that kind of certainty and not only the american markets but the global markets. >> congresswoman schwartz, thanks so much for coming on the program after a long w
MSNBC
Jan 19, 2013 7:00am PST
a little mini cave on the debt ceiling, and it looks like they are going to be willing to extend the debt ceiling for three months with which is the cover of the new york times this morning, and what is that about? what is happening? >> well, it seems they are trying to line up their opposition to the president, this debt ceiling trying to line it up with two other big economic situations that we are going to be faced, that is to continue resolution that we common call the c.r. to keep the government running which expires the first of march. and then of course, we have the so-called, i don't know what to call it, but it is not the cliff, but it is not what i would call it. >> the curb. >> yes, the curb beginning to kick in, and we need to work with that and i think that they are trying to line it up to camouflage whatever they may do, which i think will be to vote to let the debt ceiling go up. >> okay. so i should not see this as we say in the black church, a "come to jesus" moment, but in washington they say we are outmanned on this, so we will have to give the president his way, becaus
CBS
Jan 22, 2013 4:00am PST
ceiling for a period of three months, and the republicans have made a big concession. they had their dance and took a moment to savor the scene. now it's time to get back to work. in his inaugural speech, the president called on both parties not to let politics get in the way of governing. >> we must act knowing that our work will be imperfect. we must act knowing that today's victories will be only partial. >> reporter: so republicans are offering a compromise on the debt ceiling. house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've
FOX News
Jan 20, 2013 8:00pm PST
not going to fight over the debt ceiling over the next three months, get na out of the way for 90 days and then focus on the continuing resolution, on the sequester. because they fit exactly what the president said. this is real spending. i mean, under our constitution, nothing can be spent that the house does not pass. and so, the house republicans really have an opportunity to set a whole new standard not trying to figure out what kind of deal obama wants, but deciding what in good conscience they're willing to past. >> mike: in your experience as speaker of the mouse and somebody who as really engineered the republican takeover of the house back in the 1994 elections, speak to what you advise republicans to do in dealing with the president? because he's going to come out saying it's all the republicans fault they won't work with me. >> first of all shall every republican should take the two quotes you've given them tonight. post them on their website, every single house and senate republican and say i am very impressed with this earlier vision of barack obama. i think that he had it
FOX News
Jan 21, 2013 12:00am PST
to decide that they were not going to fight over the debt ceiling over the next three months, get na out of the way for 90 days and then focus on the continuing resolution, on the sequester. because they fit exactly what the president said. this is real spending. i mean, under our constitution, nothing can be spent that the house does not pass. and so, the house republicans really have an opportunity to set a whole new standard not trying to figure out what kind of deal obama wants, but deciding what in good conscience they're willing to past. >> mike: in your experience as speaker of the mouse and somebody who as really engineered the republican takeover of the house back in the 1994 elections, speak to what you advise republicans to do in dealing with the president? because he's going to come out saying it's all the republicans fault they won't work with me. >> first of all shall every republican should take the two quotes you've given them tonight. post them on their website, every single house and senate republican and say i am very impressed with this earlier vision of barack obama.
CNN
Jan 22, 2013 1:00pm PST
they were going to extend the debt ceiling for at least another three months right now without a big fight, they thought they were making gestures that the president would respond to. they were surprised that he gave this kind of rather liberal speech with his agenda for a second term yesterday. >> eight big question is, what happens next. it's a big speech. it lays out big markers. the base, whether it's a democrat in congress or grassroots movement, they were thrilled with the speech, the progressive movement was really happen. the republicans were disappointed. you see that sign behind john boehner, no budget, no pay. there's a chance to still do some business here but the signals have republicanis thinking wait a minute. you remember the pressure from tea partiers and others it's hard to begin with. if they think the president is going to for everything they give him and ask for more, if he's not going to push for more cuts but demand republicans do more, that's the mistrust that's been magnified because of that speech. >> i think the news conference outside of houston, the harris coun
CSPAN
Jan 20, 2013 10:30am EST
back the debt ceiling for about three months, i believe. i was wondering if there was any chance for congress and the president to foster more bipartisanship during the second term? >> i think that will be a major theme of his speech tomorrow. i think he will be speaking out, once again, across the aisle to call for the reaching of common ground on these major issues, like the debt ceiling, the budget, gun-control, immigration, tax reform, those kinds of things. i think it is true that we have a divided government now. it has been a difficult four years, but president obama is a natural conciliate her -- conciliation person, and he will make that a big theme of his second term. i think you will hear some of that tomorrow. >> this is from this morning's "washington post." you can draw an analogy to two former president, franklin roosevelt and dwight eisenhower, finding parallels to what fdr delivered in his second address in 1937, and what eisenhower faced in 1957. >> the roosevelt second inaugural address is interesting to read because it really is of a peace with first inaugural
MSNBC
Jan 19, 2013 11:00am PST
came out with it with regards to the policy and the debt ceiling and the three-month plan and we'll dig into that in the next hour. how else did they regroup? what else did they say about rebranding? >> they said it was one of the best retreats they'd had in years and it was with rank and file and a lot of educating with the newer members explaining what will be happening in the next three months regarding the sequestration and the end of the short-term budget deal and everyone seemed to leave in a much better move than when they arrived but they admit that they've got work to do. paul ryan described it best when they said one of the things we're discussing is the fact that we control the house they control the white house especially following the results of the november election. >> it sounds like they're changing the tone a little bit. >> this was really important for the house republicans because they didn't do this when it came to them coming into power after two years ago when they took back control in 2010. so it helped for john boehner to get his troops in line and to get the con
MSNBC
Jan 22, 2013 9:00am PST
the debt ceiling, we are suspending it, so we are saying that for this period of three months the debt ceiling gets no higher, it just does not apply. it has magically vanished. we live in a sane political world in which we no longer have a debt ceiling. in addition to basically saying we don't have enough sort of leverage on this to fight on it, they have also set the precedent of you know what we can do, make the debt ceiling disappear, and then nobody has to vote on raising it. i think they should do that for a little bit longer. like forever. >> it is smoke and mirrors. i really don't think the world republican necessarily applies to many of the members in the house republican caucus. unfortunately, we have to leave it there. thank you, my friend, for your time, and infinite wisdom. it is always great to see you. coming up after the break, the decades after the struggle for equal rights began, there are still a handful of states that continue to deny basic health services to women. one of them is mississippi where a pitched battle threat toenz deny the estate's women their constitu
CNN
Jan 19, 2013 4:00am PST
, to demand spending cuts. they have backed off of that, looking at some plan to raise the debt ceiling at least for the next three months, to give some time for those talks to happen. and there is a big challenge in coming together, because the president still really feels like absolutely, the debt needs to be focus on, it's a huge issue, big priority, but it needs to be done in a balanced way so that all the spending cuts are not focused on programs for those who are most vulnerable. so we'll see. >> so ana, do you think that the debt ceiling will set the tone between the president and congress? >> no. i think we're going to get a short reprieve. i think we're talking about, you know, what the republicans were talking about, i was actually at the gop retreat that maria just referenced and it's a possible three-month extension. but at some point, the problem, the whole problem, has got to be dealt with in a holistic way. the deficit has got to be dealt with. debt has got to be dealt with. spending has got to be dealt with. we can't just continue raising the debt limit without there bei
CBS
Jan 15, 2013 4:00am PST
. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if laws do not tackle the debt and spending at the same time, it will cost americans jobs. in a statement, senate minority leader mitch mcconnell said "the president and his allies need to get serious about spending." danielle nottingham, cbs news, the white house. >>> military suicides have reached record levels. so bad that the secretary of defense calls it an epidemic. the pentagon says there were 349 suicides among active duty personnel last year. that's more than the number of combat deaths in afghanistan. experts say iraq and afghanistan war veterans suffering from depression and post traumatic stress are at the highest risk. >>> secretary of state hillary clinton will testify next week about the deadly attack on the u.s. mission in libya. clinton will appear before the house foreign affairs committee. she had been scheduled to testify last month. that was canceled when she fell and suffered a concuss
FOX Business
Jan 21, 2013 8:00pm EST
the "state of the union" and see the budget. but republicans decided not to make the debt ceiling a big issue. was a three budget extension and a month supporter of no pay with no budget but we need to focus on spending. it is a problem but we do need more investment was critical infrastructure but they have to be coupled with a concrete and forceful proposal to deal with deficits. neil: hope springs eternal as they went to the party of president has been reelected to undo what bill clinton tried to do not big government as the enemy but efficient doing the will of the people without wasting the money but this president might be the most liberal since fdr not to know if his way is the right way but it could be his way or the highway. we will see you tomorrow.
FOX News
Jan 17, 2013 6:00am PST
ceiling, slowly but surely. don't make it a battle all at once. raise the debt ceiling two, three, four months and come back to see what things we can do to make america a better country. debt ceiling is forcing these people to compromise. bill: thank you, art. >> thank you, bill. bill: it will be bloody in washington, d.c. thank you, art out of nashville. >> thank you very much, bill. martha: it was an emergency landing. batteries melting down in midair. now the aircraft billed as the future of commercial aviation is really grounded at this point the nightmare for the boeing 787 dreamliner. bill: reclaiming a theater from the memry of a massacre. how some victims of the colorado shooting are healing today you but not forgetting about the man accused of killing 12. >> saw a lot of reports how he is crazy. don't make that mistake. he is not crazy. he is evil. martha: grounded. the faa ordering an immediate halt to all flights of the boeing 787 dreamliner after an emergency landing and unexplained overheating batteries is the issue in this plane. dan springer is live in seattle. what is t
CNBC
Jan 21, 2013 11:00am EST
ceiling skirmish every quarter, every three months, nobody is going to like that, especially the markets, and for very good reason. if what they're say something we're not going to play debt ceiling leverage anymore, which has obviously been the president's position, that's good. my feeling is it's probably the latter. i think there are enough kind of economic grown-ups in the room to really control the folks who have threatened to use that kind of leverage. >> but the senate has not had a budget resolution pass through the senate in, what is it, four years now? >> april, 2009. >> that feels to me pretty shameful frankly. i don't know the politics and i'm not exactly sure why that's the case, but isn't that a critical step in bridging the gap and making progress on these issues where you can not go to these sort of extra legal things like using the debt ceiling as leverage, but you can use the process as it is intended to be used. >> i agree, and it's an interesting quid pro quo for the republicans to agree to the first three months of extension of the debt ceiling. >> and to hold their
FOX News
Jan 19, 2013 7:30am PST
that happened on christmas day in 2009. and the crisis averted in washington over the debt ceiling standoff, at least for now. house republicans expected to vote on wednesday, to raise the debt limit for another three months. the g.o.p. says the move would give both chambers of congress time to pass a federal budget. if one isn't passed they'll try to prevent members of congress from getting paid. i'm jamie colby, i'll send you back to cavuto on business. see new 30 minutes. >> well, doctor, doctor, give me the news, and a private efficacy group in support of the health care laws is now hosting a tax section with journalists on the best way to cover the president's health care law, offering what they're calling specialized education in health care reporting. charlie gasperino. >> i can't wait to sign up, dude. (laughter) >> isn't that weird and that anyone would sign up for, i'm sorry we got it wrong. >> any, any journalists that signs up for this should be thrown out of the industry immediately and taking-- i'm trying to take it seriously. it's so stupid it's unbelievable. i'm going to p
MSNBC
Jan 20, 2013 7:00am PST
ceiling on this debt ceiling front, which would be good. they are going to keep us going every three months. we never get around to talking about the larger economic question. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work to do. there's a lot of resistance in the states. that's going to be a struggle. >> one piece of that is in 1997 we did a balanced budget deal. one thing that happened when that period of republicans and democrats came together was step back and as part of consolidating the budget, they shift resources. that was the deal. it was a deficit reduction deal. one thing it created was a children's health program. it's functioning today. it
MSNBC
Jan 18, 2013 6:00pm PST
, quote, next week we will authorize a three-month temporary debt ceiling increase. that was the announcement from the majority leader of the house republicans announcing they are giving up on what they had been saying for months was their plan, to not approve an increase in the debt ceiling to thereby push the country again into a self-imposed economic crisis and threat of defaulting on our national debt and all the panic we know that causes because they did it before in 2011. and eric cantore announced today they are not going to do that again even though they had been saying for months that they would. they gave up today on that threat. that's why the vix panic index stopped panicking today. that's the nice kickoff for what should be a nice weekend for the president. >>> new second term official portrait. to refresh your memory, this is the first term one. same flag pin, similar blue tie, i guess. lots more gray up top. i don't know why they decided to go from the close cropped i.d. photo look from the first term to the i'm standing here in my office and i'm happ
MSNBC
Jan 19, 2013 5:00am PST
ceiling skirmish comes three days after the house finally passed a $50 billion aid package for victims of hurricane sandy that the white house had proposed. the vote on tuesday was another show of weakness for republicans as the gop leadership let the bill come to the floor despite the fact that only a small fraction of republicans supported it. the bill passed with 241 votes in the house only 49 of which came from republicans out of a total of 240 republicans in the house. the decision to bring the bill to the floor was a violation of the so-called hastert rule named after former republican house speaker dennis hastert who says that a bill should never be brought to the floor unless a majority of the majority can support it. the apparent disunity within the republican caucus offered house democrats the faint hope they might have a bigger role to play in the new congress than as the house minority over the past two years. the house democrats' new role in fact may prove crucial in the next major legislative battle over gun control. on wednesday the president proposed a package of gun la
KICU
Jan 22, 2013 4:00am PST
of traders and investors anticipate a similar situation with the debt ceiling. whether we get this extension of three months or whether overnight some kind of resolution to it is being done it seems like the general consensus is this thing will be fixed and we will be able to move on and look forward past it. there's a blast of winter rushing through the u.s. this week. what will that mean for natural gas prices? we have seen natural gas prices climb aggressively off their lows. we pushed through 350 last week. we also had a draw down in their storage report. we're expecting another draw down going forward. but as far as other similar markets like crude oil and heating oil we've also seen quite a bit of demand for the. crude oil has a little bit more geopolitical tension so you are seeing the bent crude start to pick up a little bit more than west texas. but i think all these markets still look pretty good going forward. thank you philip. thank you. the bi-weekly paychecks most of us receive every other friday have been a little smaller since the first of the year. --the result of the payrol
CNBC
Jan 18, 2013 12:00pm EST
and i'm surprised is that ryan basically came out yesterday and said we'll push the debt ceiling thing off for three months. you have china coming up with good news, better than expected gdp. ge which used to be the bellwether people focused on coming out. lots of good comments. good earnings. europe, that is sort of like stabilizing. and i do think there is more easing there. and japan which hasn't had a really roaring economy for two decades, you've got omni in there now. they're going for 2% inflation instead of deflation. don't forget how large that economy is relative to the world economies so i think the market has nothing but not green shoots but blossoming flowers. go buy it. >> so why then, doc, are you still more cautious than the other guys? >> partly because, judge, i like owning options instead of owning equities. i just do. the only times i like owning equities are like for instance when joe and i fight about stocks with nice yield. i mean whether it's a verizon or whether it is intel, if i'm talking about a 4% dividend yielder that i can get in there and write options ag
FOX Business
Jan 15, 2013 1:00pm EST
. savings would go to decrease the debt ceiling. there are a host of options on the table. short, three-month debt ceiling increase, with smaller amount of cuts all the way to multiyear, perhaps 4-year increase in the debt ceiling so long as it is accompanied by a major tax overhaul. and overhaul of the entitlement system. this on a day after fitch offered another warning saying a couple of things. one that the aaa credit score we have is at risk if there is another debt ceiling fight but republicans are focused at the part that says credible meaningful deficit reduction has to be part of this in order to keep the aaa credit score. house majority leader eric cantor responded to that with a statement saying, it's time for president obama to stop putting our credit rating at risk and acknowledge we need a credible deficit reduction plan attached to any increase in the debt limit. from the white house we heard from president obama yesterday at a news conference. he says that he is not discussing any negotiations in the debt ceiling. that if congress's responsibility to essentially allow hi
CSPAN
Jan 22, 2013 1:00pm EST
we're going to do, we're going to pass a three or four-month extension of the debt ceiling. then we're going to get into a fight on the sequester and hold the line of the sequester. this is a promise the leadership is making to us. as long as they keep that promise i think many conservatives will be ok with that. then when we get to the debt ceiling fight we're going to ask for at a minimum the one--- the one-for-one cuts that come from the boehner rule for any long-term debt ceiling extension system of if we look at that, it means that in 10 to 15 years, with very little help from the democrats, we can achieve a balanced budget which is much better than even the 23- to 27 -- better than the 23 years to 27 years and obviously better than the never balancing budget obama and the democrats have proposed for the last four years. so you look at all the data out there. all the public opinion polls say that the american people think we're spending too much money. that the american people think that we are taxing too much. but the problem is that as republicans, i think this goes to what r
CSPAN
Jan 22, 2013 7:00am EST
resolution that is done in the government. we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we all know and assault weapons ban cannot get through the house. it's not going to get through. it is possible they will get background checks. maybe it very scaled-back versions of what the president was talking about yesterday. but in a full-scale, you will not able to get assault weapons ban through. he will not able to get immigration through in the way progressives would like. so that probably will not happen. but the spending will have to be dealt with. sources will be made, in that sense. host: we're talking about president obama's second term. we wan
MSNBC
Jan 22, 2013 3:00am PST
, they're going to introduce their bill, vote on their bill to extend the debt ceiling for three months, give themselves a little running room, but this is a president who is going to be aggressive about his agenda. he didn't just talk over republicans, he went right after them, talking about takers, s saying that's not what social security and medicare are, a jab not only at mitt romney but paul ryan, who he will be dealing with. >> when you have a guy who has bullied you in the schoolyard for four years and you finally fight the bully and you beat them like he just did in this election, you're not as afraid of the bully as you was or at least cautious. i think they bullied this president. he went to the mat and re-elected with a wider margin than george bush and saying the bullying is over. we're either going to fight or work together. >> the problem is both sides feel like they were bullied over the past four years and they've got to figure out how to work together over the next four years. i want to talk about yesterday with you quickly and open it up. it struck me as a son of the s
MSNBC
Jan 21, 2013 3:00am PST
the debt ceiling for three months and tell democrats we will do what no label said they will do. we will say pass a budget for the first time in four years, democrats. we will pass a budget and work together to try to solve the crisis. >> for almost seems like the hard thing, neither side wants to have to do. at some point, we will go off a cliff as a country and as a society. we have to do hard things in order to get the fiscal situation under control so that we don't pass down to our children a terrible economy and terrible future financially and also in terms of guns. other social issues. the issues related to the gun issue. mental health and violence in the media. we have to do this. both parties do not want to do the hard things. >> you make an interesting point. all have a cost whether it's a financial cost or emotional cost. it has a cost to the greater society and what the american people i think have been saying for about four or five years now, maybe you would agree with that. going back to the tail end of the bush years. that stood out in stark c
NBC
Jan 18, 2013 5:00pm PST
over the debt ceiling, republicans backed down. he this raised the borrowing limit, but just for three months. and if democrats don't agree to a budget of deep spending cuts by april, they cut off lawmakers paychecks. >> why should the american public pay elected officials if they do not do their fundamental right and passes a budget. >> it's been a long time since we have seen a positive to dee fine a second term. >> the bush second term was plagued by iraq and scandal. amid the preparations for celebration, the new obama term starts with a buth confrontation. >> white house is trying to put a bright spin on it saying that the republicans have backed down from what the white house calls the threat to hold the u.s. economy hostage. >> thank you, steve. we will have continuing coverage throughout the weekend, our political analyst will join our team ofrespondents as the president begins his second term. the big public swearing in is on monday. >> i remember four years ago it was bitter freezing temperatures. it will be better, jeff? >> yeah, looks more mild and that is good news in wash
ABC
Jan 22, 2013 6:00am PST
including raising the debt ceiling, which the house expected to vote on tomorrow. in the inaugural address, he made history as the first president to mention the word "gay" and "gay rights." >> if we are truly created equal surely the love we commit to one another mutt be -- must be equal, as well. >> there will be one more party tonight, the obamas and friends celebrate with campaign and white house staffers at inaugural ball where supposedly lady gaga is performing. >> the president is sworn in on two bibles one from martin luther king and the other from abraham lincoln. traffic and weather, together, next on the abc7 morning news. here is the golden gate bridge, dry as a bone. but maybe, maybe, maybe there is rain in the forecast. >> and a deal to sell sacramento kings so they can move to seattle. the ripple effect that >> welcome back, almost everyone is just a bit warmer than yesterday so we do not have as frost. 32 at concord and fairfield is 31. upper 30's around the bay to 40 in oak and 47 in san francisco. this afternoon, low-to-mid 60's with filtered sunshine because of the high
CNBC
Jan 15, 2013 6:00am EST
'd never use the debt ceiling to negotiate. there's been three or four deficit deals reached during debt ceiling negotiations. that's what they've been used for in the past. in fact, you voted no on raising the debt ceiling in 2006, and some other things. and then to see him actually, he looked shocked that his loyal cadre of acolytes that someone would actually broach the subject that, you know, that he actually had a tough time answering. >> i think it shows the position he's in, though. he gets attacked from the right and the left. >> he doesn't get attack. the questions i want asked are never asked of him anywhere. >> he should come on "squawk." >> that's not going to happen. >> i'll get out. is that possible? >> no. >> i had a story but we'll talk about that one later. >> what's your story? >> we'll do it later in the broadcast. >> about nerds? >> what else would it be about? you want me to talk to here? i'm going to talk to here. coming up this morning's top stories, plus we're going to hop behind the wheel with nissan ceo carlos ghosn at the detroit auto show. first check this out
MSNBC
Jan 15, 2013 7:00am PST
is not a bargaining chip. >> so what are his options if congress doesn't raise the debt ceiling? "the washington post" "the fix" lists three reasons why the president wouldn't show his hand. joining me now political analyst and former communication director karen finney, and columnist for "the hill" as well, and analyst and former rnc chairman might beal steele. good morning. >> good morning. >>> when things broke down with harry reid, the white house stepped in with the vice president to broker a deal. what's going on here, karen? is the president playing a game of chicken? will the white house change its mind? or is this truly a line in the sand? >> i think it's a real line in the sand. the president has been very consistent and serious from the beginning on this. i think there's a couple of goals. congress can't have it both ways. you have to act responsibly and pay your bills. that's part of why i think the president said if you want me to be in charge, fine, i'll take care of it, but that's not how our government is set up. so i think clearly the president is not going to back back down. the las
CNBC
Jan 14, 2013 7:00pm EST
heard talk in the republican conference about a one or two or three month extension on the debt ceiling. and on a continuing resolution for the budget to run the government. is that one to three month solution not still on the table? >> well, larry, we're proposing a number of different solution, both short term and long term. frankly, president obama needs to start rolling up his sleeves and focusing on both instead of sitting over in the white house and kind of throwing out all the threats to everybody across the country and running around campaigning as if he's still running for office. you know, the election is over. president obama actually has to start governing and addressing the problems and frankly the spending problem is one of the biggest reasons right now why we're in this dilemma. >> you're still going full bore on the spending sequester? full bore, spending sequester? >> we need to address the spending problem in washington from many different fronts. that's one of those fronts. there are a lot of others. and again, president obama refuses to talk about any of them. he doe
CNN
Jan 19, 2013 6:30am PST
more cliffs on the horizon, the debt ceiling, sequester and continuing budget resolution. the very beginning of this second movie, how is this going to set the plate? >> well, i think that it's important to note that the hardest part is over. they managed to get through the fiscal cliff without allowing these huge tax increases in spending cuts. they delayed the spending cuts. there's a lot of work ahead of them. there's been deficit reduction they've managed to get done in the past year. the problem, i think, is political. it's not economic. right now, congress is obviously very divided. they're not working together. they're going to have to, if they want to, for instance, raise the debt ceiling and avoid a financial crisis. the question is, can barack obama do a better job of helping them do that because there's been a lot of complaints in congress that he hasn't been leading. he has even offended members of congress by applying they're not doing their job. so i think there's this political question that's overlaid this very thorny economic question. >> will the leadership of thi
FOX News
Jan 14, 2013 11:00pm PST
fundamental problems. why do we have to have the debate every three months? >> eric: sure. start with the debt ceiling and how it came about. prior to world war i, everybody was paid. the debt we incurred was paid for through various bonds. world war i to world war ii, fdr got together with the treasury secretary and set let's put a debt ceiling op and they started to borrow money. that amount in 1949 was $45 billion. today, $16.4 trillion. that is 46,400% higher. between 1939 and 1980, we never exceeded $1 trillion in debt. now we push $17 trillion. the problem with the sound bite is president obama was the guy in 2006 that said i will not vote for you. he wouldn't vote for a debt ceiling increase. leadership means the buck stops here. that's why i won't vote for raising the debt creteing. that is senator, senator obama in 2006. he voted against raising the debt ceiling. calls it unpatriot i cannot to do it now. >> dana: president obama was called out on this before. saying it was unpatriotic and lack of leadership. that's why you would vote against it. now it's unpatriotic if the patriot act
CSPAN
Jan 20, 2013 4:00pm EST
ceiling crisis for about three months, i believe. i was wondering if there would be a chance for congress and the president to be able to foster more bipartisanship during the second term than the first. guest: i think that's going to be a major theme of his speech. i think he will reach out, once again across the aisle to call for the reaching of common ground on some of these major issues like the debt ceiling, the budget, gun control, immigration, tax reform, those kinds of things. so i think that it is true that we are -- we have a divided government now. it has been a difficult four years but i think president obama is a natural. i think he will make that a big theme of his second term. i think you will hear some of that tomorrow. host: this is from this morning's "the washington post" who writes a new term, a new obama. he points out and draws an aanalogy to f.d.r. and eisenhower. guest: the roosevelt second inaugural address is interesting to read. it really is at peace with the first inaugural address. this is a president saying i came in with a huge crisis, we're on the right pat
FOX News
Jan 22, 2013 12:00am PST
the republicans were down and out. think again, the house will vote for a three-month ceiling on the debt seen and comes with a price. g.o.p. leaders said they would vote for the extension, but that the measure would also require the democratic controlled senate to pass a budget and if ne do ththey fail that, pay for lawmakers will be withheld. and we've got to look at the house and spending problem. no budget, no pay. joining me now with reaction. congressman david schweiker and walldon. i was skeptical when i heard the republicans are giving in already. i had a couple of discussions this weekend, and some of your colleagues, explain the rational. number within, they say sequestration that's cuts are going into effect and force the president and senate to come one a budget and the senate didn't pass a budget in three and a half years. i liked it more when it was explained to me. is that about right. >> i think it is, sean and about time the senate did the legal responsibility of passing the budget we passed one each the last two years we'ven been in the majority. the ryan plan laid out how to
CBS
Jan 18, 2013 6:00pm EST
on lifting the debt ceiling. majority leader eric cantor said today republicans want an interim measure to provide about three more months of borrowing authority. the bill would not mandate immediate spending cuts, as house speaker john boehner earlier promised. instead, it would force congress to pass a budget or go without being paid. the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to curb gun violence. the president signed 23 executive orders this week, calling for such things as more research into gun violence. today, in washington, holder told the u.s. conference of mayors that there's no question the orders are legal. >> now let me be very clea
PBS
Jan 18, 2013 10:00pm PST
for three months, that they would raise the debt ceiling both on it next week. i think the president understood that he came out of the initial round strengthened and the republicans came out weakened. right now, the republican party is in as bad shape politically as i can ever remember it being. the republican party which was favorable in public opinion just as recently as two years ago is now minus 23% unfavourable. john boehner, who was favorable has dropped to the point where he is 19% unfavourable in public opinion polls. it is the lowest ever recorded in the history of "the wall street journal," nbc poll so they had to get out of this. they couldn't face this fight again. in the sense of people is that if it did lead to the government defaulting on its obligations and social security checks not going out, checks not going out to personnel, the republicans would be blamed again. so i think the president understood the advantage he had. and he played it. >> and the republicans understood their own situation in today's actions. >> the professionals did, john boehner did. i think w
NBC
Jan 18, 2013 5:30pm PST
ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing stand tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they have heat. that's where the president and the first family will be watching monday's parade. the second obama inaugural is expected to draw roughly a third of the nearly 2 million people who came here four years ago. ♪ it
CSPAN
Jan 22, 2013 5:00pm EST
that allows them to pay off the debt ceiling for another three months. we emerge from almost crisis to almost crisis through the next year while at the same time you notorious on the other side for complaining that the problem with our economy is uncertainty. i have heard that many times than a little bit both here in this institution and in the rules committee and those that were on the political trail. now i agree that continuously threatening to fulfill our national obligations is a serious breach of economic uncertainty. but republicans seem to be attracted to this kind of dangerous gimmicks to act seriously to act on the full faith and credit of the united states. until they do, i suspect that we'll have a lot more meetings on this very issue. now as a lawyer, not a constitutional scholar, having made a lot of decisions about constitutionality as a federal judge and when i went on the bench, i was accused of being a judicial activist. and i was thrown off the bench. i was accused of being a judicial activist. and i guess that's compared to strict constructionist. and if there was ever a
FOX News
Jan 20, 2013 6:00pm PST
they will allow the debt ceiling to be hiked and try to attach some spending cuts or at least say we need to be engaged in negotiations for further increase in debt hike. i think that was a recession for republicans in reality they were losing this argue uchlt. it reengineers to the point that 60 percent of americans think you have to have spending cuts right now. >> you listen to the president's senior advisor today he was talking again about a balanced approach saying whatever deal on the debt ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none have been discussed at least in the short term are going to solve the problem. the only way you solve the problem
FOX
Jan 18, 2013 5:00pm PST
-month extension to the nation's debt ceiling but would not agree to a long term increase until both chambers approve a budget. the president said this week he would not negotiate with congress when it comes to pay are for spending congress has already approve -- comes to paying for spending congress has already approved. >>> san mateo county is planning a gun buyback next weekend saturday, january 26th from 10 a.m. to 2 p.m. at the county event center. organizers say they're offering $100 per handgun, shotgun and rifle and $200 for assault weapons. congresswoman jackie spear is funding the buy back, no word how much money is available. remember, a buyback event in marin county was so popular officials actually ran out of cash. >>> u.s. officials now say one american worker has been found dead in that algerian natural gas complex that was seized by terrorists. the hostage standoff at the british petroleum facility is in its third day, but it's unclear how many people have died since the algerian government launched a counter attack and how many escaped. reuters reports more than 20 people are
MSNBC
Jan 19, 2013 9:00am PST
after this three-month reprieve. do you agree with that? >> i think the debt ceiling thing is going to keep coming up over and over again because the republicans don't want to concede the whole issue to the president. at the same time, the president is so much more popular than congress, it is hard to have a one-on-one fight with someone who's so much more popular than you are. >> absolutely. i would not be surprised if we see kick the can down the road legislation repeatedly, not just with this but obviously with the continuing resolution to finance the government, that kind of stuff, it's all going to be three-month, six-month extensions. >> frustrating. but we're talking about it. very good to see you both. thank you for being here. >>> let's go to the weather and the inaugural forecast calls for cool temperatures. even some snow perhaps in washington, d.c. but it won't be the coldest inauguration ever. our meteorologist is here with the forecast. hello. >> hi, alex. chilly temperatures will work into the d.c. area over the course of the weekend. right now, things are pretty stan
CNBC
Jan 15, 2013 3:00pm EST
-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well. >> anxiety over the debt ceiling crisis? >> exactly. about getting principal back as ridiculous as it may sound. >> david, jump in here. feels like a slow volume day again. are people waiting on some of the banks earnings because tomorrow we've, of course, got some bigies? >> waiting on earnings, but earnings expectations are very low. i think 60% to 70% of stocks will beat their estimates this quarter, and i'm going to watch for guidance over the balance of the year, maria. now you'll have three guests here who are going to be favorably disposed to the market and that makes me a little bit nervous. neverth
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